Send ETH to a permanent Monica wallet address. The system converts to naira at live market rate and pushes the funds straight to your Nigerian bank. No vendors, no chat, no waiting.
Per 1 ETH • Updates every 60 seconds
Ethereum cashout for Nigerians has historically been the messiest part of crypto. Monica fixed it by removing every counterparty in the flow: you, your wallet, our settlement engine, your bank. That's it. No middleman, no delay, no rate negotiation. Send ETH, receive ₦, move on with your day.
Once your ETH confirms on-chain, the naira balance updates automatically. Bank withdrawal triggers an NIBSS instant transfer — typical clearing time is well under a minute.
Zero transaction fees. The rate you see on the calculator is the rate you receive in naira — no spread tricks, no withdrawal charges, no surprise deductions.
Every bank that accepts NIBSS instant transfer works with Monica. That's 40+ commercial and digital banks, including Carbon, VBank, Sparkle, FairMoney, and Renmoney.
BVN, NIN, or government ID — pick one, take a selfie, you're verified. No video calls, no document re-uploads, no waiting three business days.
Top 10 finance app on Google Play in Nigeria. Reviewers consistently mention payout speed and the fact that there's an actual human in support chat.
500,000+ verified Nigerian users. ₦400+ billion in lifetime processed volume across crypto-to-naira conversions. Roughly half our active base trades USDT weekly.
Four steps from holding ETH on an external wallet to naira sitting in your Nigerian bank account.
Download from Google Play or the App Store. Sign up with your email and complete the one-screen KYC (BVN or NIN).
Open the deposit screen, choose ETH, and select the network (ERC-20, Arbitrum). The address is permanent — save it once and reuse forever.
From Binance, Bybit, Trust Wallet, MetaMask, Phantom, or wherever your ETH lives, paste the Monica deposit address and send. Confirmation typically takes a few minutes.
The moment your deposit confirms, your naira balance updates at the live market rate. Hit Withdraw, pick your bank, type the amount. Funds clear into your account in under a minute.
ETH transactions on Layer 1 (Ethereum mainnet) confirm in 1–3 minutes. If you're sending from a Layer 2 like Arbitrum or Optimism, please bridge first — Monica accepts L1 mainnet ETH only:
| Network | Confirmation Time | Fee Profile | Best Use Case |
|---|---|---|---|
| ERC-20 | 1–3 minutes | Higher gas (varies) | Standard for ETH-based wallets |
| Arbitrum | Varies | Network-dependent | Confirm fees in your wallet |
| Optimism | Varies | Network-dependent | Confirm fees in your wallet |
Always match your sending network to the receiving address. Sending ETH on the wrong network can result in lost funds — Monica's app shows the correct network beside every deposit address.
Recent ETH/NGN price movement. Monica gives you the live market rate at the second of conversion — no spread, no markup.
After your ETH converts to naira on Monica, withdrawal flows through NIBSS instant transfer to every commercial bank, fintech wallet, and microfinance bank in the country.
"Cashed out BTC the day naira tanked. Locked in a great rate while everyone else was still on P2P queues."
"Got paid 12000 ETH from a US client. Monica turned it into ₦8,200,000 sitting in my account before standup ended."
"Sent 850 USDC to my Monica wallet on a Sunday night. Naira hit my Moniepoint account before I could finish making tea."
"What sold me: my Monica deposit address never changes. I share it with overseas clients and forget about it."
"Sent 12000 BNB to my Monica wallet on a Sunday night. Naira hit my Kuda account before I could finish making tea."
"Sent 0.05 ETH to my Monica wallet on a Sunday night. Naira hit my Moniepoint account before I could finish making tea."
Once your ETH transaction confirms on the blockchain — typically 30 seconds to 3 minutes depending on network — naira credits to your Monica balance immediately. Withdrawing to a Nigerian bank takes another 30–60 seconds via NIBSS instant transfer.
There is no minimum deposit on Monica for ETH. Whether you send the equivalent of ₦1,000 or ₦100,000,000, the conversion runs the same way. Just be aware of the network's own minimum (for example, Bitcoin dust limits).
Monica supports ETH on ERC-20, Arbitrum, Optimism. Always match the network on the sending wallet to the network shown beside your Monica deposit address. The app double-confirms before you copy.
No. Monica charges 0% on conversion and 0% on bank withdrawals. The naira amount displayed in the calculator is exactly what hits your balance and your bank.
Funds are custodied with audited cold storage partners and the platform aligns with NDPC data protection standards and the SEC's Virtual Asset Service Provider framework. The Kudiwave Technologies entity behind Monica is registered in Nigeria.
Monica pulls live mid-market ETH/USD pricing from major exchanges and applies the live USD/NGN rate. The rate locks the moment your deposit confirms — there is no spread between display and execution.
Yes. Monica withdraws to Opay, Kuda, Moniepoint, Palmpay, GTBank, Zenith, Access, UBA, First Bank, and 30+ other Nigerian banks. Digital banks usually clear in under 10 seconds.
Bridging mistakes are rarely recoverable. Always copy the address directly from the Monica app and confirm the network label. If you sent on a network we support but to a wrong wallet, contact support with the transaction hash within 24 hours.
Yes. KYC is one screen — BVN or NIN plus a selfie. Verification usually completes in under 4 minutes. This is required for SEC-aligned compliance.
Same flow, same speed, same zero fees. Tap any coin to view its dedicated page.
Join 500,000+ Nigerians cashing out ETH the easy way. Live rate, 0% fee, naira in your bank in under a minute.
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